Why wait for your company's defenses to be breached?
Tackling Fraud Within the Workplace
Fraud consumes an estimated 5% of corporate revenue and every business--regardless of size--is a potential target for fraud. This workshop will explore the “why” and “how” behind the fraudulent activities occurring in the workplace. Oftentimes, dishonest employees target weaknesses in the company’s systems, or shrewd third parties use “social engineering” tactics to breach a company’s defenses. Proper fraud awareness training is crucial to a company’s well-being and culture. All levels inside a company, from employees to company owners, should have a basic knowledge and understanding of how these fraud schemes work and how to recognize the warning signs. The workshop will examine the schemes, the motives, the opportunities, the problems and the risks. We will also set the framework for evaluating matters from an ethical lens instead of only applying a business or personal lens.
Discussion Leader Emily Sobczak, CPAFind out more
Taxpayers are ultimately responsible for their own returns, but return preparers are subject to ethical standards that make them responsible for what is in the return, what is not in the return and how that information is presented. For example, return preparers are expected to inform clients about errors discovered and the consequences of ignoring them. The preparer must evaluate the reliability of information furnished by the taxpayer.
Lynn Nichols, CPA, has been recognized as an authority on the rules governing tax practice for three decades. His CPE programs on the subject have been the standard in New York, Florida, Ohio and with a number of regional CPA firms. His is accepted as an expert on the subject in both federal and state courts. Professional liability insurers have recognized the value of his Tax Practice Quality Control training.
Want to protect against unnecessary liability? Avoid the headache of big mistakes discovered in IRS audits? A quality tax practice begins with respect for the Standards.” Join Lynn for this valuable practice guidance.
Treasury Circular 230
AICPA Statements on Standards for Tax Services
Internal Revenue Code Preparer Penalty Provisions
Manufacturers have all the tax issues of any tax client PLUS the need to determine cost of goods sold by capturing the right costs for labor and material, then calculating appropriate overhead amounts. Along the way, tax rules come into play because IRC Section 263A and related regulations tell us exactly which costs must be included in cost of goods. Section 199A allows a tax deduction that arguably should not affect my cost calculations . . . but where do I account for it ?
Lynn Nichols, CPA, has provided tax services to manufacturers of all types and sizes--from small specialty machine shops with gross sales under $250,000 to an elevator manufacturer with gross sales in excess of $100 million. He has led teams of accountants in comprehensive analysis of complex cost structures to develop standard costs. He understands, and more importantly can explain in simple terms, cost accounting concepts: unit cost, process cost, shared cost, fixed cost, variable and semi-variable cost.
THIS PROGRAM WILL COVER
- IRS Audit Guide for Manufacturing
- Code Section 263A
- Relationship between book and tax accounting systems for:
o Financial and pricing decisions
o Income tax compliance
- Effect of Tax Cuts and Jobs Act of 2017
o Limit on business losses
o Section 199A and production costs
o Cash vs Accrual for “small manufacturer”
Discussion Leader Shawn Saulsberry, CPAFind out more
For the CPA with lots of experience preparing individual income tax returns and providing tax advice to individuals, this program will bring you up to date on changes in the law, regulations, rulings and court decisions during the preceding twelve months that might affect your clients. It’s in November, so there will be plenty of time for you to apply what you learn in this program to help your clients with year-end planning. Members of the Tax Team will kick it up a notch in this advanced level update, concentrating on how advice to an individual taxpayer might be affected by current events.Find out more
Discussion Leader Paul Evangelist, CPA, CGMAFind out more
This course will look at the recent activities of FASB as well as the Auditing Standards Board and Accounting & Review Services Committee of the AICPA. We’ll look at the impact of the new standards and how you can prepare to implement them in a practical way. We’ll discuss the Audit Quality Initiative of the AICPA and take a look at some common audit issues.
Key focus areas include:
- Recent accounting standard updates (ASUs)
- Revenue recognition
- Financial instruments
- SAS 133
- SSARS 24
- AICPA Auditor’s Report
- Enhancing audit quality initiative
In this course, SCACPA CEO Chris Jenkins will give a review of best practices regarding technology and security and provide an overview of IRS Publication 4557 including the FTC requirements for CPAs.Find out more
This course covers the laws, rules, and regulations that apply to the licensure of accountants in the State of South Carolina, as well as those that apply to the practice of accounting in the State of South Carolina. This course is designed to meet the South Carolina Board of Accountancy regulation that requires two hours of CPE related to South Carolina Rules and Regulations.Find out more
Business Ethics is not just something "nice to do." It creates a long-term competitive advantage that separates you from the pack. This session walks you through the steps to create an ethical business culture and teaches specific ways CPAs can make better ethical decisions.Find out more